October's First-Time Homebuyer Report for Terrace

The population of Terrace ranks as the eighth-youngest in San Bernardino with a median age of 35 years. It is also considered much less affluent than average with a median income of $28,690 per household. Detached homes account for 100% of the area's current housing market. Heading the list of top schools in the neighborhood is Hillside Elementary School.

Price Range

Terrace has some of the more affordable homes in the city with a median home value of $30,500 and a current average list price of $266,021. The number of homes coming into the Terrace market stayed firm with seven listings over the last 30 days, while sales remained right where they were as once again five homes were sold over the same period.

Out of all the listings in Terrace, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$275K   $255K   $245K  

Typical Dwelling

The typical dwelling in Terrace is a three-bedroom detached home worth about $233,120. To purchase a similar home, a buyer with good credit and a $46,624 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,188 monthly payment. The property tax rate is $9.16 per $1,000 of taxable assessed value.

Get started right now by checking out Terrace homes for sale or reviewing Terrace real estate trends.

Data reported through 10/13/2016


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